10-Q Filing

ALPHA PRO TECH LTD CIK: 884269 Q3 2012

Filing Information

Form Type	10-Q
Accession Number	`0001437749-12-011132`
Period End Date	20120930
Filing Date	20121107
Fiscal Year	2012
Fiscal Period	Q3
XBRL Instance	apt-20120930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 69 Cash Flow Statement 51 Stockholders Equity 14

Balance Sheet 52 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$54.00K	USD	Point-in-time
Allowance for doubtful accounts (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$74.00K	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.50M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.22M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.32M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.89M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $74,000 and $54,000 as of September 30, 2012 and December 31, 2011	`AccountsReceivableNetCurrent`	$4.72M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	21.12M	shares	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $74,000 and $54,000 as of September 30, 2012 and December 31, 2011	`AccountsReceivableNetCurrent`	$6.11M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	20.57M	shares	Point-in-time
Inventories	`InventoryNet`	$15.57M	USD	Point-in-time
Inventories	`InventoryNet`	$16.69M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.97M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.24M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$628.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$572.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$30.61M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$31.29M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.55M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$3.64M	USD	Point-in-time
Goodwill	`Goodwill`	$55.00K	USD	Point-in-time
Goodwill	`Goodwill`	$55.00K	USD	Point-in-time
Definite-lived intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$135.00K	USD	Point-in-time
Definite-lived intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$117.00K	USD	Point-in-time
Equity investments in and advances to unconsolidated affiliate	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$2.42M	USD	Point-in-time
Equity investments in and advances to unconsolidated affiliate	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$2.44M	USD	Point-in-time
Total assets	`Assets`	$37.43M	USD	Point-in-time
Total assets	`Assets`	$36.87M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$717.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$702.00K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$423.00K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$169.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$871.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.14M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$823.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$862.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.69M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.00M	USD	Point-in-time
Common stock, $.01 par value: 50,000,000 shares authorized; 20,565,190 and 21,122,840 shares outstanding as of September 30, 2012 and December 31, 2011, respectively	`CommonStockValue`	$211.00K	USD	Point-in-time
Common stock, $.01 par value: 50,000,000 shares authorized; 20,565,190 and 21,122,840 shares outstanding as of September 30, 2012 and December 31, 2011, respectively	`CommonStockValue`	$206.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$21.65M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$22.25M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$12.72M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$13.58M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$35.18M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$35.43M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$37.43M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$36.87M	USD	Point-in-time

Income Statement 69 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$10.74M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$29.34M	USD	3 Qtrs
Net sales	`SalesRevenueGoodsNet`	$10.12M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$31.21M	USD	3 Qtrs
Cost of goods sold, excluding depreciation and amortization	`CostOfGoodsSold`	$18.53M	USD	3 Qtrs
Cost of goods sold, excluding depreciation and amortization	`CostOfGoodsSold`	$20.14M	USD	3 Qtrs
Cost of goods sold, excluding depreciation and amortization	`CostOfGoodsSold`	$6.45M	USD	1 Quarter
Cost of goods sold, excluding depreciation and amortization	`CostOfGoodsSold`	$6.94M	USD	1 Quarter
Gross profit	`GrossProfit`	$11.07M	USD	3 Qtrs
Gross profit	`GrossProfit`	$3.80M	USD	1 Quarter
Gross profit	`GrossProfit`	$10.81M	USD	3 Qtrs
Gross profit	`GrossProfit`	$3.67M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$9.55M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.08M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$9.69M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$3.02M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$616.00K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$591.00K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$167.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$166.00K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$10.14M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$10.31M	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$3.18M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$3.24M	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$504.00K	USD	3 Qtrs
Income from operations	`OperatingIncomeLoss`	$487.00K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$556.00K	USD	1 Quarter
Income from operations	`OperatingIncomeLoss`	$934.00K	USD	3 Qtrs
Equity in income of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$84.00K	USD	1 Quarter
Equity in income of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$134.00K	USD	1 Quarter
Equity in income of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$368.00K	USD	3 Qtrs
Equity in income of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$402.00K	USD	3 Qtrs
Net gain on sales of assets	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	$41.00K	USD	3 Qtrs
Interest income (expense)	`InterestIncomeExpenseNonoperatingNet`	$7.00K	USD	1 Quarter
Interest income (expense)	`InterestIncomeExpenseNonoperatingNet`	$22.00K	USD	3 Qtrs
Interest income (expense)	`InterestIncomeExpenseNonoperatingNet`	$-2.00K	USD	1 Quarter
Interest income (expense)	`InterestIncomeExpenseNonoperatingNet`	$7.00K	USD	3 Qtrs
Total other income	`NonoperatingIncomeExpense`	$141.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$409.00K	USD	3 Qtrs
Total other income	`NonoperatingIncomeExpense`	$82.00K	USD	1 Quarter
Total other income	`NonoperatingIncomeExpense`	$431.00K	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossAttributableToParent`	$638.00K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossAttributableToParent`	$1.34M	USD	3 Qtrs
Income before provision for income taxes	`IncomeLossAttributableToParent`	$628.00K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossAttributableToParent`	$935.00K	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$242.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$224.00K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$357.00K	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$484.00K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$578.00K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$386.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$859.00K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$414.00K	USD	1 Quarter
Basic earnings per common share (in Dollars per share)	`EarningsPerShareBasic`	$0.04	USD	3 Qtrs
Basic earnings per common share (in Dollars per share)	`EarningsPerShareBasic`	$0.03	USD	3 Qtrs
Basic earnings per common share (in Dollars per share)	`EarningsPerShareBasic`	$0.02	USD	1 Quarter
Basic earnings per common share (in Dollars per share)	`EarningsPerShareBasic`	$0.02	USD	1 Quarter
Diluted earnings per common share (in Dollars per share)	`EarningsPerShareDiluted`	$0.02	USD	1 Quarter
Diluted earnings per common share (in Dollars per share)	`EarningsPerShareDiluted`	$0.04	USD	3 Qtrs
Diluted earnings per common share (in Dollars per share)	`EarningsPerShareDiluted`	$0.02	USD	1 Quarter
Diluted earnings per common share (in Dollars per share)	`EarningsPerShareDiluted`	$0.03	USD	3 Qtrs
Basic weighted average common shares outstanding (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	22.05M	shares	1 Quarter
Basic weighted average common shares outstanding (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	20.67M	shares	1 Quarter
Basic weighted average common shares outstanding (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	22.30M	shares	3 Qtrs
Basic weighted average common shares outstanding (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	20.84M	shares	3 Qtrs
Diluted weighted average common shares outstanding (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.67M	shares	1 Quarter
Diluted weighted average common shares outstanding (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	20.84M	shares	3 Qtrs
Diluted weighted average common shares outstanding (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	22.89M	shares	3 Qtrs
Diluted weighted average common shares outstanding (in Shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	22.05M	shares	1 Quarter

Cash Flow Statement 51 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$578.00K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$386.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$859.00K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$414.00K	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$171.00K	USD	3 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$218.00K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$616.00K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$591.00K	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$167.00K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$166.00K	USD	1 Quarter
Equity in income of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$84.00K	USD	1 Quarter
Equity in income of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$134.00K	USD	1 Quarter
Equity in income of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$368.00K	USD	3 Qtrs
Equity in income of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$402.00K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-119.00K	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-17.00K	USD	3 Qtrs
Gain on sales of assets	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	$41.00K	USD	3 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$978.00K	USD	3 Qtrs
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$1.38M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-2.93M	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$1.12M	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$310.00K	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-269.00K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$233.00K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$269.00K	USD	3 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-767.00K	USD	3 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.76M	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$481.00K	USD	3 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$236.00K	USD	3 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$3.00K	USD	3 Qtrs
Purchase of intangible assets	`PaymentsToAcquireIntangibleAssets`	$3.00K	USD	3 Qtrs
Repayment of advances from unconsolidated affiliate	`ProceedsFromCollectionOfAdvanceToAffiliate`	$417.00K	USD	3 Qtrs
Proceeds from sales of assets	`ProceedsFromDivestitureOfBusinesses`	$235.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-67.00K	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$16.00K	USD	3 Qtrs
Excess tax benefit related to share-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$-13.00K	USD	3 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$778.00K	USD	3 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$857.00K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-854.00K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-778.00K	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.61M	USD	3 Qtrs
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.90M	USD	3 Qtrs
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$7.50M	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$7.22M	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$5.32M	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$5.89M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$7.50M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$7.22M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$5.32M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$5.89M	USD	Point-in-time

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$35.18M	USD	Point-in-time
Balance	`StockholdersEquity`	$35.43M	USD	Point-in-time
Balance (in Shares)	`CommonStockSharesOutstanding`	21.12M	shares	Point-in-time
Balance (in Shares)	`CommonStockSharesOutstanding`	20.57M	shares	Point-in-time
Share-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$171.00K	USD	3 Qtrs
Common stock repurchased and retired	`StockRepurchasedAndRetiredDuringPeriodValue`	$778.00K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$578.00K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$386.00K	USD	1 Quarter
Net income	`NetIncomeLoss`	$859.00K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$414.00K	USD	1 Quarter
Balance	`StockholdersEquity`	$35.18M	USD	Point-in-time
Balance	`StockholdersEquity`	$35.43M	USD	Point-in-time
Balance (in Shares)	`CommonStockSharesOutstanding`	21.12M	shares	Point-in-time
Balance (in Shares)	`CommonStockSharesOutstanding`	20.57M	shares	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.